Federal Budget 2025

RBC Wealth Management – Federal budget 2025: A summary of key measures that may impact you
https://www.rbcwealthmanagement.com/en-ca/insights/federal-budget-2025

The 2025 Canadian Federal Budget, titled Canada Strong and tabled on November 4, 2025, outlines the federal government’s fiscal and economic priorities against a backdrop of slowing economic growth and global uncertainty. The budget projects a significant deficit of approximately CA$78.3 billion for the 2025–26 fiscal year and commits to substantial capital expenditures over the next five years, emphasizing infrastructure development, housing, defence, and productivity-enhancing initiatives. Strategic investments are designed to support long-term competitiveness, with targeted tax measures and incentives aimed at stimulating private investment and easing the cost of living for Canadian families. 

For financial planners and their clients, key elements include the continuation or expansion of certain tax credits, business investment incentives, and proposed changes to registered plan investment rules. While the budget does not fundamentally alter core personal income tax rates, it introduces tailored tax credits and measures to help maintain progressivity in the tax system. The government’s framework balances short-term fiscal challenges with a longer-term economic strategy focused on productivity and national resilience. 

Professional Disclaimer:
This summary is provided for general informational purposes only and does not constitute financial, tax, accounting, or legal advice. Certified Financial Planners should conduct their own analysis and consider individual client circumstances before relying on this information.